In the Margins

Fed Chief Powell embraces communication

June 14, 2018

By The New York Times

Federal Reserve chiefs were long known for saying little, and making what they did say as opaque as possible. It’s been barely seven years since central bankers began to hold news conferences after policy meetings—and even then, only on alternate occasions. In his news conference on Wednesday, Jerome Powell, who became Fed chairman in February, moved the central bank further into the daylight. He said he would meet reporters after the conclusion of each policy meeting. And he departed in many ways from the guarded or arcane language others favored. Read the original story from The New York Times.

 

 

Most Read

10 Things
10 Things...to read in summer 2025

It's officially summertime, which means FBV's annual Summer Reading List is here. We curate the list each year by soliciting recommendations from our readers and friends ...

Top of the Agenda - Governance
ASA board enlarged, timeline to AGM unclear

ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...